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ETHUSDT : Pattern Break out done. Note: This is only for Educational Purpose this is not Investment advice.
Hello traders I don't look at ETH very much but i feel like it today. We are approaching a key level of resistance $153 that acted as support/resistance all of 2019. If we break it I'm mildly bullish on ETH until $189.
ETH/USD ETH faced rejection from the key resistance at 138 - 140 area. The price has a pullback to key support between 130 regions. This pullback maybe not be over yet, We could still 1 more leg down to 127 area. Before attempting to retest again the downward trend-line of resistance coming from peak 157 - 151 levels. ETH reached an overbought RSI giving extra...
Based on the ETH three-day chart, this week's candle is significantly off the 5-day line. People's expectations for the rise were quite high. This week candle can be finished with the Black Body. I don't think the price will go down vertically for the ETH price has just begun to rise, but I expect that people who buy ETH today may have a bit of a burdensome...
Tomorrow is the day when the 3-day candle and the 1-week candle are created. I'm pretty excited. If there is a golden cross on the MACD on the 3rd tomorrow, I expect the ETH will certainly continue to rise for at least few weeks or more.
Based on the 3-day chart, I think I can be quite relieved for the time being if the MACD makes a golden cross. I always feel safe when the MACD of 3-day chart makes the Golden Cross. The 1-week chart shows that the rise in ETH is close, given that the MACD is just before the Golden Cross. On the other hand, based on the 3-week chart, you can see that the MACD has...
When viewed on a 3-day chart, we can see the bending of the 20d MA line. I think it's a very positive sign. The flow of other sub indicators are also good. I have my position still Long.
First of all, this is a 12-hour chart. Looking at the three-day chart, the flow of the line was not bad. If you look at the daily chart, you can see today the candle is above the 5, 10, 20day line. This is also positive. I anticipated future flow based on 12-hour chart. My predictions are for reference only. We must keep an eye on the chart and watch the flow....
- on daily chart the price bounce the EMA200 so tight, and the price is so close to the support line (the green), our targets are EMA50(256), EMA100 (238). - on 4H timeframe ETH is trying to break the resistance line (the orange line). if the 4H cancle can close higher than the EMA50 with a considerable volume to confirm as a bullish rally comes. => our targets...
Target 1 --> 364.21 Target 2 --> 412.60 Should not drop below 259
Usually In technical analysis the last move after break out of the triangle is final move before the trend reversal. One of the reasons of following behavior - triangle is usually pattern of the wave 4 by Elliot count, breakout is wave 5 and after that we have an ABC correction or higher time frame trend reversal. ON ETH/USD daily chart We see the price was...